According to the latest report filed before the NCLAT bankruptcy appellate tribunal, the debt group IL&FS has repaid an amount of ₹50,387 crore by June 2026.
This amount exceeds the sum of ₹48,463 crore, which was repaid by IL&FS according to the last report submitted in September 2025, by about 4 percent.
Thanks to the repayment of ₹50,387 crore, the total debt resolution for the IL&FS group has approached 82.6 percent of the set target of ₹61,000 crore. This target represents approximately 61.38 percent of the total outstanding external debt of ₹99,377 crore.
Furthermore, the company has paid 88.4 percent, equivalent to approximately ₹57,000 crore, of its total debt of ₹91,000 crore, as assessed at the time management took over. A significant portion of the company's equity capital belongs to public financial institutions, including the Life Insurance Corporation of India (LIC), State Bank of India (SBI), and Central Bank of India.
IL&FS is repaying debts through asset resolution, interim distribution, which includes cash and InviT units, among others. Out of the total amount of ₹50,387 crore as of June 30, 2026, the debt settled through monetization, cessation, or transfer of assets into InvIT amounts to ₹26,027 crore. Repayments are also made through automatic write-offs, servicing of principal in 'green' structures (profitable IL&FS structures), and release of non-financial limits provided by its subsidiaries.
The IL&FS Group report indicates that these efforts, along with the repayment of debt obligations, have led to the resolution of debt amounting to approximately ₹8,347 crore as of June 30, 2026. Additionally, IL&FS has disbursed ₹16,013 crore to external creditors through interim distribution.
In accordance with the NCLAT order dated May 31, 2022, and other related directives, the total debt repaid to financial creditors through interim distribution reached ₹18,398 crore by June 30, 2026, of which ₹16,013 crore was directed to external financial creditors. The IL&FS group holds cash reserves of ₹7,259 crore, of which ₹1,551 crore is available for interim/final distribution. The remaining ₹3,783 crore is under resolution in remaining structures, and ₹1,925 crore is reserved for ongoing operational expenses and contingent and external claims. It should be noted that the value of InviT units held by some IL&FS Group structures is ₹326 crore.
At the time of the crisis, on October 15, 2018, the IL&FS group comprised 302 structures: 169 were internal group structures, and the remaining 133 were offshore group structures.
Telugu actor and superstar Mahesh Babu, along with his stepbrother Naresh Vijaya Krishna, publicly voiced their opinions regarding the disputes surrounding the use of E20 gasoline in the country. Naresh shared his concerns in a post on the social media platform X.
Naresh emphasized that he is not against the country's interests, but noted that owners of various vehicles, from motorcycles to expensive cars, are facing difficulties due to E20. In his message on X, he stated: 'I am not against the country, but this ethanol-blended gasoline causes heart attacks in everyone, from motorcycle riders to owners of expensive cars.'
The actor announced that he has decided to fuel his Porsche Panamera with octane 100 gasoline, which costs about 165 rupees per liter. This decision was made after hearing numerous complaints related to E20. He believes that any mechanical damage to an expensive car could lead to significantly increased expenses.
Naresh cited a friend whose new Toyota Camry required engine valve replacement, costing approximately 3.5 lakh rupees. The actor speculated that a similar issue with his Porsche could require repairs costing up to 12 lakh rupees. He clarified that his concern is not limited to luxury cars; he is also worried about ordinary motorcyclists and drivers of standard cars who cannot afford expensive fuel or hundreds of thousands of rupees in repairs.
Despite this, Naresh expressed respect for the government's efforts to protect the environment. However, he considers the process of introducing ethanol-blended gasoline to be a hasty step. He compared the situation to Brazil, where the introduction of ethanol blending occurred gradually and in stages, and believes India should follow a similar approach. In response to a user who reminded him that Porsche originally recommends premium high-octane gasoline, Naresh replied that he is aware of this, but added that octane 100 gasoline is not always available at every petrol station, especially on highways.
Following a significant decline on Monday, the Indian stock market is experiencing a period of high uncertainty on the second trading day of the week. After starting flat, the Sensex and Nifty indices are showing sharp fluctuations: they alternately enter the green zone and immediately drop into the red.
These fluctuations occur against the backdrop of positive signals from foreign markets. Asian stock exchanges have recovered confidently after a major collapse the previous day, and Gift Nifty, a key indicator for Sensex and Nifty, showed growth.
Trading on the stock market started sluggishly on Tuesday. The BSE Sensex opened at 77,649, which is below the closing level of 77,708 from the previous day. Turbulence was observed early in the session: the index first rose to reach 77,753 and was in the green zone, before sharply falling to 77,541.
The NSE Nifty also demonstrated erratic movement. Opening with a slight decrease compared to the previous close of 24,238, this index of 50 stocks first showed growth to 24,262, but then slipped down again to 24,203.
As the 2026 tax filing season opens, millions of taxpayers will receive a notification that their income tax will not be assessed automatically this year. If you fall into this group, know that you are not alone and are not in trouble, but you need to take action, and seeking professional help is the most sensible step.
SARS automatically assesses taxpayers with simple affairs, typically employed individuals whose IRP5 data provided by the employer is complete and who have no open queries in their profile. If your tax profile includes any of the following points, SARS will exclude you from the automatic assessment, and you will need to complete and submit the return yourself:
Such complex cases include: rental income, business income or self-employed expenses; commission income or foreign source income; trust income; benefits such as travel, accommodation, or tools compensation; additional deductions you previously claimed; capital gains or asset realization; change of postal or physical address in the SARS system; incorrect or outdated bank details in the profile; having an open audit, review, or dispute with SARS; and changes you made to a previous automatic assessment.
Simply put, any complexity in your tax matters, even a routine one like a home office or rental property deduction, will likely remove you from the automatic assessment list. This complexity underscores the importance of obtaining professional support.
Your return must be submitted no later than October 23, 2026 (for taxpayers filing electronically). Although the steps seem fundamentally simple—you need to confirm the obligation to file, gather documentation, log into the eFiling system or the SARS mobile app, and submit the return—errors can occur in the details.
A registered tax practitioner guarantees the completeness of your return, ensures that you claim all entitled deductions and exemptions, and verifies that your supporting documentation is in order in case SARS decides to audit your return. Specialists work with SARS systems daily. They have a good understanding of the rules, risks, and ways to mitigate them, and they are bound by a professional code of conduct that protects you. Tax season is not the time for guesswork. If SARS has notified you that you need to pay attention to your return, give it the proper attention by securing the support of a qualified specialist.
